Decarbonization is now energy security. Europe must electrify, finance Ukraine jointly, and modernize grids to withstand prolonged shocks.
Browsing: Crisis
“The choice now is not between hawkishness and compassion—but between exerting dominance and exercising a complete power.”
“The conflict is not merely a regional security issue, but a transformative event likely to reshape global energy markets.”
“The decision to end the conflict ultimately rests with three key non-Arab actors: the United States, Israel, and Iran.”
Iran chokes Iraq’s budget: 94% oil exports via Hormuz halted, production down 70%, $6-7B monthly losses.
Iran turns geography into global economic weapon: Hormuz closure halts shipping, creates chokepoint leverage playbook.
Iran war breaks global humanitarian aid: logistics hit, fertilizer/oil shocks, displacement surges. Polycrisis worsens.
Iran’s Hormuz closure removes 20M b/d—five times 1970s embargo. IEA releases 400M barrels, but limited.
Global impact of Iran war: neighbours fear spillover; most hedge, avoid criticizing US. War must end.
Worst-case oil scenario: 15M bpd lost, global storage depletion would cause recession. US underestimated Iran.